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KOLKATA, India (AP) -- U.S. Secretary of State Hillary Rodham Clinton urged energy-starved India on Monday to reduce its Iranian oil imports to keep up pressure on the Islamic republic to come clean about its nuclear program....

Iran’s return to the oil market could trigger a “positive supply shock,” sending oil prices plunging by as much as US$20 per barrel, although Saudi Arabia will probably move swiftly to ensure a softer, $10-drop in crude prices.
Increasingly crippling sanctions imposed by Western countries to punish Tehran for pursuing a nuclear program has limited Iran’s ability to export its primary production over the past few years.

New York (AFP) - Top US diplomat John Kerry was to meet his Iranian counterpart Friday for a second time in two days, amid reports that tough talks on reining in Tehran's nuclear program have deadlocked.

Washington (AFP) - US Secretary of State John Kerry is set to launch a final high-stakes diplomatic push to seal a ground-breaking nuclear deal with Iran, as some officials warned Wednesday the negotiations may go beyond a June 30 deadline.

BEIJING (Reuters) - China may buy more Iranian oil next year as a state trader is negotiating a new light crude contract that could raise imports from Tehran to levels not seen since tough Western sanctions were imposed in 2012, running the risk of upsetting Washington.

Secretary of State John Kerry warned Congress Wednesday against scuttling a historic opportunity for a nuclear pact with Iran by pressing ahead with new sanctions while international negotiators seek to prevent Tehran from being able to assemble an atomic weapons arsenal.

Submitted by Jen Alic of OilPrice.com, It wasn’t exactly a propitious start for new US Secretary of State John Kerry on his first foreign trip when he referred to “Kyrzakhstan”, where US diplomats are ostensibly working to secure “democratic institutions”.